Assets Under Management AUM

third quarter 2021 commercial update

Amsterdam /‘s-Hertogenbosch, the Netherlands, 29 October 2021

  • Very good quarterly result on a robust operating background accounting results and profits to sales of the portfolio of investments

  • Client assets up to €125.2 billion (end of June 2021: 121.0 billion) and At M to €107.2 billion (end of June 2021: 104.2 billion)

  • Net collection To Private clients of 0.6 billion and net outputs To Wholesales and institutional clients of 2.1 billion in T3

  • High capital ratio To 20.0% (end of June 2021: 21.9%)

Constant Korthout, Van Lanschot Campine Chief Financial Officer and Risk Officer, noted: “We are proud of our third quarter results. Once again, we are seeing strong net inflows at Private Clients. The results are mixed at Wholesale & Institutional Clients, where exits exceeded entries following the departure of a few institutional clients.

“Our clients are increasingly looking to invest in less liquid solutions, as evidenced by the strong client appetite for the launch of our Kempen European Private Equity Fund II. Hof Hoorneman Bankiers customers have fully migrated during the quarter, are now on our platform and have access to our product and service offering.

Accounts receivable amounted to 125.2 billion euros (end of June 2021: 121.0 billion euros) and assets under management (AuM) amounted to 107.2 billion euros compared to 104.2 billion euros at the end of June 2021, a significant part of the increase reflecting the outstandings of Mercier Vanderlinden. . The operation to acquire 70% of the capital of Mercier Vanderlinden was finalized in July and the collaboration is going smoothly, Mercier Vanderlinden having continued to grow since the announcement of the transaction.

Private Customers experienced another quarter of high net inflows, with 0.6 billion euros, bringing the segment’s net inflows to 3.0 billion euros since the start of the year.

Wholesale and Institutional Customers recorded net outflows of 2.1 billion euros in the third quarter. The main cause was an exit – as previously stated – from credit strategies and the departure of a fiduciary client. On the other hand, less liquid strategies recorded solid inflows, reflecting our position as a niche player in this market.

In addition to a strong operating result, sales of the equity portfolio also contributed to the net result. The sales of our interests in Fire Safety Holding and Quint Holding generated accounting profits of over € 10 million and approximately € 5 million respectively, while the sale of our non-strategic stake in Holonite (Holowell BV ) contributed approximately € 2 million to net profit. .

Our capitalization is solid and our capital ratio stands at 20.0% (end of June 2021: 21.9%). This includes the impact of the acquisition of Mercier Vanderlinden.

February 24, 2022 Publication of 2021 annual results

Media relations: +31 20 354 45 85; [email protected]
Investor Relations: +31 20 354 45 90; investor [email protected]

On Campine Van Lanschot
Van Lanschot Kempen, wealth manager active in private banking, asset management and investment banking, aims to preserve and create wealth, in a sustainable manner, both for his clients and for the company whose he belongs. Listed on Euronext Amsterdam, Van Lanschot Kempen is the oldest independent financial services company in the Netherlands, with a history dating back to 1737.

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Disclaimer and Caution Regarding Forward-Looking Statements
This press release may contain forward-looking statements about future events and developments. These forward-looking statements are based on the current ideas, information and assumptions of the management of Van Lanschot Kempen regarding known and unknown risks, developments and uncertainties. Forward-looking statements do not relate strictly to historical or current facts and are subject to such risks, developments and uncertainties which, by their very nature, are beyond the control of Van Lanschot Kempen and its management.

Actual results, performance and circumstances may differ materially from these forward-looking statements due to risks, developments and uncertainties relating to, but not limited to, (a) revenue growth, (b) costs, (c) the climate, (d) political and market trends, (e) interest rates and exchange rates, (f) the behavior of customers, competitors, investors and counterparties, (g) implementation of the Van Lanschot Kempen’s strategy, (h) actions taken by supervisory and regulatory authorities and private entities, (i) changes in legislation and taxation, (j) changes in ownership that could affect future availability of capital, (k) changes in credit ratings and (l) the evolution and economic and societal impact of the Covid-19 pandemic.

Van Lanschot Kempen cautions that the forward-looking statements contained in this press release speak only on the specific dates on which they are expressed, and accepts no responsibility or obligation to revise or update any information, whether at the following new information or for any other reason.

The financial data contained in this press release has not been audited, unless otherwise indicated.

This press release does not constitute an offer or a solicitation to sell, buy or otherwise acquire or subscribe to any financial instrument and does not constitute a recommendation to perform or refrain from perform an action.

Elements of this press release contain information about Van Lanschot Kempen NV within the meaning of Article 7, paragraphs 1 to 4 of EU Regulation No 596/2014.

This press release is a translation of the original in Dutch and is provided as a courtesy only. In case of discrepancies, the Dutch version will prevail. No rights can be derived from its translation.


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